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president obama addresses the nation. it is our generations task to re-ignite the true engine of america's economic growth, a risingm thriving middle class. in today's cover story, reaction to the president's speech. will it prompt action or stir more debate in congress? plus, the threat of military budget cuts dealt a blow to defense stocks. is now the time to buy? you could soon be tuning into intel for your viewing pleasure. and, why the hottest new toys are turning down the tech. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, february 13th. i'm angela miles. in today's first look:president obama details an ambitious plan for america. now is our best chance for bi partisan comprehensive tax reform that encourages job creation and helps bring down the deficit his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. ahead of the speech, the dow closed above 14,000 yesterday. bank of america was one of the stocks propping up the
last year over permits to open the casino. >> president obama is just now wrapping up the state of the union address. we will go live to capitol hill and hear about the one topic making headlines. >> an emotional game dedicated to a critically injured teen. why the players and parents are urging better traffic control. >> back here is just -- were looking for warmer days and we'll let you know how long it will be in your neighborhood as we head towards wednesday >> back now to breaking news. cnn is reporting that several law enforcement sources have confirmed that fugitive ex- lapd officer stupar dorner is dead. they say his body was discovered in a burned-out cabin near where she got killed a san bernardino sheriffs deputy. he is now suspected in four killings for being fired by lapd. they reported hearing a single gunshot as they headed towards the cabin. we are continuing to follow this story and bring you more tonight on the 10 o clock news on ktvu channel two. president obama is delivering the state of the union address. expected to cover a number up to hot topics and foc
was there and tells us what is being demanded of president obama. >> organizers say about 5,000 people marched on market street they marked against fracking in california. but this rally is support of a much bigger event in washington, d.c. sponsored by the sierra group aim -lted at the president. >> if you're serious about curving emissions you need to say no to the houston pipeline. >> reporter: build this pine line out of canada and the angered environmentalists. >> we've seen positive indications from the administration but we've also seen you know some indication that we would continue to explore our natural places for fossil fuel exploitation. >> reporter: in his state of the union address. the president said that he would take executive action to curve climate change if necessary but was quiet about the pipeline. >> we're going to pull our dollars out of the companies. >> reporter: john avalos is asking to diverge. the evidence was billed as the largest rally ever on the issue. the timing is for president's day weekend hoping to get the president's attention. >>> president obama also fe
obama yesterday to talk about the effects severe budget cuts could have on their industry. lawmakers have until march 1st to compromise on a budget. without it, $1.2 trillion in automatic cuts in goverment spending take effect. half is from millitary spending. reports say defense companies are already delaying orders and hiring due to the threat of sequestration. president obama has nominated a business insider to run the department of the interior. sally jewell, ceo of the successful outdoor equipment company rei, has been nominated for the position. jewell is also a former banker and has worked as an official in the oil industry. she took over rei in 2005, and, if confirmed, will take her knowledge of the outdoors to the interior department. "the secretary of the interior is in charge of overseeing 500 million acres of public land in places like yellowstone and the grand canyon, and protecting our natural heritage for our children and our grandchildren." other notable capitol hill moves: timothy geithner, after departing from his role as treasury secretary, is now joining the counc
about immigration to president obama. the president welcomed the business leaders to the white house tuesday. he is pushing his "pathway to citizenship" plan for illegal immigrants already living in america. many republicans oppose the idea. the president believes a new immigration system benefits the broader economy. meanwhile on capitol hill, the mayor of san antonio, texes, julian castro, told a house committee yesterday he supports the pathway to citizenship. he also addressed the guest worker program some lawmakers want. "that may be one way to do it. however, in terms of the 11 million folks who are here, certainly putting them on a path to citizenship, ensuring that after they pay taxes, they pay a fine, they learn english, they get to the back of the line, that's the best option." castro calls the country's immigration system "broken," but adds that congress is on the cusp of making progress. president obama is seeking short-term solutions to fix the country's debt problems. the president has asked congress to decide on short-term spending cuts in lieu of a bigger package of
android system. >>> an exclusive new field poll shows president obama is enjoying a bump in the polls. president obama's approval rating is at 62%. about one in three californians say they disapprove in the president's job performance. when it comes to the the congress, 23% approve. >>> a family is targeted by gas thieves what they noticed first and what you can do to become a victim. >> plus, a well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv for just $19 a month for 1 year when you bundle tv and internet. rethink possible. >>> a family in the south bay is protecting themselves from thieves who is stealing from them in the driveway. matt keller is here to tell us why it took the family so long to find out that they were targeting their gas tank. >> reporter: it's a crime of opportunit
weekly address president obama said bad decisions by congress over deficit reduction in washington could hurt the u.s. economic recovery. >> we can't just cut our way poprosperrity. it hasn't worked in the past and it won't work today. it coo slow down our recovery. it could weaken our economy. and it could cost us jobs. not just now, but in the future. >> as he has done in past, the president today called for a balanced approach that would eliminate tax loopholes for the wealthiest americans and large corporations. >>> meanwhile the white house released this photo of president obama skeet shooting at camp david. the photo was taken back in august, but was released to answer skeptics who doubted mr. obama knew how to shoot. a tbs congresswoman questioned mr. obama's statements that he enjoys the sport and respects the traditions of hunting. >>> in turkey police have confirmed the identity of the suicide bomber who attacked an american embassy. police released this security video the bomber moments before he ignited the bomb. the terrorist group that claim responsible for the bombing no
for his state of the union address next week, the topic mrs. obama is expected to focus on. >>> without here, i don't know what we are going to there is no mass-produced human. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs. each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort... individualized. at the ultimate sleep number event, queen mattresses start at just $599. and save 50% on our innovative limited edition bed. >>> a castro valley high school teacher has been out for most of the year battling cancer. returned to school tonight for a special fundraiser. as ktvu's jade hernandez reports there were some powerful words even though they couldn't be heard. >> reporter: silent says a lot about students who prepared for tonight's performance owithout their teacher. they are the reason she says the sign language program was grown at castro v
prompted the fundraiser. president obama's minimum wage plan isn't sitting well with republicans. he plans to raise wages from $7.25 to $9 and connect the increases to inflation, meaning wages rise with the cost of living. house speaker john boehner and other republicans say those adjustments will make it less affordable for employers to hire more workers. google is facing criticism for tmi - "too much information." reporters are questioning the security of google wallet. that's the mobile app that lets consumers use their phone as a credit card. personal information like names, locations and email addresses are said to be given to third parties, including app developers, when consumers make a purchase. google defends its privacy settings, stating "the company shares information necessary to process a transaction." president obama is stepping up cyber security efforts in u.s. businesses. the president issued an executive order this week. it requests agencies set standards for companies with "sensitive infrastructures." those standards include updated anti-virus programs, being aware of all
to have you on the show. we will see you in a bit. > > thanks for having me. president obama turns up the heat on members of congress to avoid automatic cuts to federal funding that could start by the end of next week. the deadline was created to help settle the debt ceiling crisis in 2011. but as our cover story explains, so far, sequestration has become another term for a stalemate. standing among first-responders who'd face cutbacks statrting march first, president obama called sequestration "a meat cleaver approach." "these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousand of americans to the unemployment rolls. this is not an abstraction; people will lose their jobs." automatic cuts in federal funding were meant to scare congress into compromise. at risk, fema grants to pay firefighters during disasters, loan guarantees to small businesses, fewer food inspectors, border patrols, and air traffic controllers, to name a few. "i've never taken the sequester seriously. it's a gimmick to reach agreement." economics professor lawrence
for a deal to happen. president obama took his argument for more pointed cuts to a virginia town that depends on defense contracts for its citizens' livelihoods. "what the sequester does is use a meat cleaver approach to gut critical investments like education and national security." speaker of the house john boehner accused the president of using the military as a "prop" to support tax hikes. fed chair ben benanke is back on capitol hill for a second day of testimony. yesterday the chairman of the federal reserve urged politicians to reach a deal and warned that automatic budget cuts could create a significant burden on the economy. mr. benrnake also made it clear the fed stands behind its bond-buying program, better known as qe, quantative easing. "notably keeping longer-term interest rates low is helping spark recovery in the housing market and to increase sales and the production of automobiles and durable goods." the fed chair adds the current bond-buying program is likely to last into the second half of the year. now that jack lew has cleared approval by the senate finance committee, th
obamas he remains hopeful something might happen, yet the president and congressional leaders are not scheduled to meet until friday. the white house says those talks are intended to provide a platform to discuss how to limited harmful consequences. senate republican leaders say the talks to a chance to talk about cuts to government spending. >>> do you industrial gain 100 -- dow gained 175 points, endorsing low interest rates on capitol hill. the dow is now 60 points short of the all time high. nasdaq rose 2. >>> according to the national association of realtors, the number of americans signed contracts to buy homes rose 4 and a half% in january from the previous months, the highest level we've seen in 3 years. >>> former new york city police commissioner, woman bratton, says he's interested in returning to his old job. bratton was commissioner from 1994 to 1996 under then mayor rudolph guiliani. he says he's already met with several potential candidates for mayor of new york in next year's election. >>> water everywhere. now, homes are yellow tagged. the damage from the bay
and then cutting back on overtime." in washington, president obama has called a meeting with top congressional leaders for friday, the same day automatic spending cuts begin. "he hopes to have a constructive discussion to prevent sequestration." the cuts would be widespread. according to the white house, the sequester would mean 2100 fewer food inspectors, 2700 schools losing federal funding, 30,000 teacher layoffs, and more. some think it could even affect the fragile housing recovery. however, some argue that the effects of sequestration may not be as dire as the white house and others predict. air traffic controller furloughs need 30 days notice before going into effect, and the conservative nonprofit heritage foundation says educational reforms would empower states and parents. federal reserve chairman ben bernanke continues to lift the mood on wall street. in day two of his testimony, he told a congressional committee the fed intends to maintain its policy of buying bonds to keep interst rates low, similar to what he told senators tuesday. while on the hill, he also noted the uptick in th
to tonight's state of the union address before a joint session of congress and president obama's question to lawmakers. >> together we have cleared away the rubble of crisis and we can say with renewed confidence that the state of our union is stronger. >> reporter: ktvu's jaquelin fell is at the capital. >> reporter: the president wants to grow and strengthen the middle class. he says that he can create jobs without growing the nation's debt. >> it is our unfinished task to restore the basic bargain that built this country. the idea that if you work hard and meet your responsibilities you can get ahead. >> reporter: president obama is calling for a higher minimum wage expanding early education and spending more to fix the road's infrastructure this without adding to the nation's debt. >> it's not a bigger government we need but a smarter government that sets priorities and invests in wide growth. >> reporter: president obama says his main priority is growing the economy. in the audience apple ceo kim cook. the president called on congress to revent billions of the dollars in cuts schedul
's cover story, president obama hits the road. the plans he has in motion for changes in the manufacturing industry. why travelers are on board with the hottest new way to see the world by boat. plus, film studios are overflowing with attempts to attract lovebirds this valentines day. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, feburary 14th. i'm angela miles. in today's first look: up or down? stocks and commodities traded with mininal gains and losses yesterday. investors are holding back as they wonder whether a large sell-off or big rally lies ahead. cisco sees the light. the company topped its earnings targets after the close. cisco ceo john chambers notes that 2013 is off to a slow start but sees early signs of improvement in europe. and democrats are working on a new bill that could replace the $85 billion in automatic spending cuts that take effect march 1st if there is no deal. time now for a look at what traders have to say about the day. joe cusik joins us for that. he is from opt
obama announced all u-s troops will be out of afghanistan by the end of next year. and with veterans coming back, kate loewen looks more at what san jose state has to offer. you may have seen flyers around campus about a petition for a central meeting place in the new student union for veterans. i learned more about their resources in comparision to other csu's. ">>>for san jose state student military veterans like jon paul, adjusting to civilian life is proving to be difficult. jon paulw when i went into the military, i thought i knew everything about the world. seeing combat, seeing the things that i've seen, and having my friends hurt the way they were totally changed my life outlook. jon paul is a marine combat veteran who served in several deployments to iraq. he's found as a student at sjsu that gaining access to resources offered, he must go to several different places across campus. he feels that the current situation for sjsu veterans is disappointing. jon pauli i think that we've been deprioritized, i guess. they've put us on the back burner. i don't know if its politically
. >>> today president obama warned of the grim impact of federal cuts. if congress doesn't stop the sequester from taking effect next friday. >> thousands of teachers and educators will be laid off. and parents will scramble to find care for their kids. airports will see set backs causing delays for the country. >> the president has asked congress to replace them with cuts and reform. but house republicans say they will not vote on any plan that will raise taxes. if no deal is reached, 70,000 children could lose access to the head start program. many day care centers may have to close earlier this school year and starlet -- start later in the fall. >>> 13 seniors are waiting to find out if they will be kicked out of their homes. the building was foreclosed in november and the attorney for the former operator of the facility says the state has ordered the operator to remove the residents but the new operator says they are trying to keep the current residents in their home. >> they're caught in the middle. many of them have moved out already. what we have here is some residents who would reall
tonight hosted by president obama. >> when we work together, democrats and republicans, north, south, east and west we can accomplish so much more than we can on our own. whether it's helping our citizens rebuild, from a horrific hurricane or a turbulent economic storm, we're stronger when we work together as a team. >> mr. obama did not mention the sequester cuts but he is expected to discuss the stalemate with those governors tomorrow. >>> within the last few minutes we learned that fremont police arrested a man and a woman on suspicion of carjacking after a short chase that ended with several vehicles hit and one person injured. the incident happened here at the landing center. at the shopping center the car crashed into six vehicles and split a small tree in half before the two people inside took off on foot. a person inside was taken to the hospital with nonlife threatening injuries. >>> fire investigators think they know what caused a fire that displaced dozens of people. >> reporter: some 40 people were forced to evacuate the five story apartment building just before noon. >> there'
spending cuts -- known as sequestration, could become a reality. president obama heads to virginia tuesday, where he will deliver a speech at newport news shipbuilding -- which produces "navy" ships. cuts to the nation's defense budget could top 45 billion dollars. > >"i have been very clear, these kind of arbitrary budge cuts will have an adversarial effect..... on our military rediness." if there is no deal out of congress... there will be a total of 85 billion dollars in automatic cuts. those reductions could slow air traffic, as security and airport maintenance workers are forced to go on leave. cme group tells the chicago tribune-- sequestration could also effect cattle trading and more. livestock and dairy trading contracts depend on the u.s. ag department's inspections. meanwhile, gop lawmakers characterize tax increases as a "nonstarter" to the debate. lawyers gather today in new orleans for the civil trial against b-p. it's been just about 3 years since the explosion aboard the deepwater horizon rig-- that sent oil spewing for months into the gulf of mexico. billions of dolla
1st sequestered deadline. president obama and speaker john boehner both issued warnings today about the potential impact of $85 billion enforced across the board budget cuts. speaking in virginia president obama said the cuts would leave the defense department vulnerable. >> so these cuts are wrong. they're not smart. they're not fair. they're a self-inflicted wound that doesn't have to happen. >> we have moved the bill in the house twice. we should not have to move a third bill before the senate gets off their bleep and begins to do something. >> the strong words are apparently doing little to push either party toward a compromise. the president want it is budget cuts to come from combination of tax increases and spending cuts while republicans maintain the savings need to be made by spending cuts. >>> congress is split over a major airline merger. u.s. airways and american airlines need the government's permission to combine the companies. questioned today whether a merger would spike the price of your next airplane tick sxet if combining airlines would lead to job cuts in some ai
: if confirmed hagel would be the only republican in president obama's cabinet. several republicans said they will vote against him but may not be able to stop his confirmation. >>> in news of the world tonight in the middle east, syria and it's ally iran are questioning retaliation for israel's air strike. syria's civil war has caused international concern that syria's weapons could fall into the hands of extremist groups. >>> in greece, train stations were emptied because of transit worker strikes. greece had to apply for international loans to deal with their budget crisis. >>> more flooding is expected in some places tomorrow, when a river crests. about 7,000 people have been told they won't be going home any time soon. another 23,000 are isolated literally cut off by the highway water and at least six deaths have been blamed so far on all the flooding. >>> she was accused of lipsyncking at obama's inaugu >>> at least two people are dead after a massive pile up on a highway in detroit involving 30 vehicles snow is falling but crews say the roads were salted. and in hendricks county i
times in our nation's capital. president obama failed to submit a budget plan, and republican house speaker john boehner is calling him out on the missed deadline. "this was supposed to be the day he submitted his budget to the congress. but it's not coming. it's going to be late. some reports say it could be a month late." the white house spokesman says republicans should take up and pass the president's previous budget plans, which include billions of dollars in revenue from higher taxes. according to reports, the white house did not release an exact date on when the president will issue his next budget, but the white house reportedly is blaming congress for taking until january to work out a deal that would avoid the fiscal cliff. new york governor andrew cuomo proposes one of the most ambitious home buyback programs ever attempted. $400 million would be used to purch homes destroyed by superstorm sandy along the state's coastline. the governor would then preserve that land so that nothing could be re-built, thereby re-shaping how the coastline would be used. the purchase program
. >>> there was a star studded event on capitol hill today. celebrities came out in support of president obama's call for new gun laws. >> the president and the first lady are kind of like the mom and the dad of the country. when your dad says something, you listen. >> that's comedian chris rock. he was joined by singer tony bennett, actress amanda pete, and actor adam scott. the event was organized by a group of mayors who want to help law enforcement get illegal firearms off of our streets. >>> many cities across the nation are advising washington of their support of gun control legislation. today, san francisco joined that movement. ktvu's heather holmes is live in the city where she talked with a supervisor behind this new push. >> this is the resolution introduced by the supervisor. it calls on the city to dievest its attention from cities who profit on gun sales. >> reporter: hitting manufacturers where it really hurts. their wallets. the supervisor is calling on the city's retirement board to stop investing in companies that provide guns and ammunition. right now, the san francisco employees r
threat to international peace and security. >>> president obama is set to deliver his state of the union address tomorrow night before a joint session of congress. the president plans to focus on the economy. he's expected to call for more government investment in education and infrastructure while also acknowledging the need to reduce the deficit with new taxes and budget cuts. the white house also says his top priorities are the same as they have been, creating jobs and growing the middle class. >>> apple ceo tim cook is one of the invited guests. he's expected to watch the state of the union with the first lady. last year she was joined by steve jobs' widow. the first lady has also invited military families and victims of gun violence. our live coverage of the state of the union starts at 6 p.m. following ktvu channel 2 news at 5:00. then at 7:30 we'll break down the president's speech and gop response with our political analyst. >>> temperatures are trending upward, but how high will they climb tomorrow? >> robbers hold up a local bank, the latest on the there is no mass-produced hum
. if president obama's second innaugural speech was any indication, tonight's state of the union speech may be less carrot on a string and more sharp stick poking at congress to get over gridlock. in our cover story, the public's wish list of what they hope they hear - and what they expect to hear. this year, it's still "the economy." "you will hear about jobs and how to grow the middle class." "i'd like to have less regulation on business so we could get back to making money." "i think he should work more with the private sector and help them, regardless of minority requirements." but there's also a lot more on the public's mind. "i'd like him to quit playing politics and fix something. don't extend it forever, like they have been." "i definitely would like to hear him address gun violence. it's out of control." "gun control, and a confirmation that we're going to keep the healthcare plan." yes, some people think that even though obamacare was signed into law and upheld by the supreme court, details left unresolved make it vulnerable. "i'd like him to quit playing politics and fix somethin
far right. he's not and paul, that would be really strange. obama, despite how people want to portray him is not exactly far out on the left either. >> zuckerberg hosted a town hall meeting at facebook headquarters for president obama. randy runs a newsletter called dot complicated. which will be the title of one of her books. harper collins, says the second book will be a children's story. >>> the long time head of the hanna boy's center has resigned after an allegation of sexual misconduct from back in the early '70s, surfaced. father john crews has led the center since 1983. recently, an allegation by a single person, who is now dead. since the 1940s, the hanna's center has served trouble boys. people at hanna's have expressed their shock and support for father crews. >>> a huge stockpile of guns and marijuana on the property of a suspected drug dealer. deputies say the weapons were hidden in a cave. the search turned up more than 100 weapons. at least 20 of those guns were loaded. deputies also said they found 117 pounds of marijuana, heroin, and methamphetamine at floyd's house.
flowers ordered online didn't make it to their >>> president obama is ready to pinch the penny. he says it's obsolete and wasteful. deborah villalon is live with the business that has already beat him. >> reporter: the penny, almost worthless. doesn't even work on the parking meter anymore but people are divided about killing this coin. >> that fits back here. >> reporter: pennys rattling as he road, aggravating cyclist ken enough to ban them from his 11 bicycle stores. >> we'll save that person a lot of weight in the speed back. we'll get them back on the road quicker by just getting rid of the penny and going straight to the nickel. >> reporter: his cash drawers hold no pennys. now hearing the president's words of agreement. >> it's perfect. i could not agree more. >> reporter: canada, new zealand, australia have all eliminated their one cent coin. but in congress bills to ax honest abe several times, even though it costs 2-1/2 cents to make a penny. habit and nostalgia keep the penny alive. >> reporter: how much do you think at home? >> probably a buck and a half more. yeah a dollars. >
of the issues facing lawmakers. president obama was in chicago friday, where he talked about a plan to increase the minimum wage. under his proposal, the wage would increase to 9 dollars, from $7.25. house speaker john boehner has said the plan would hinder companies from hiring. also, last week, the house voted in favor of freezing pay for federal workers, including members of congress. the bill is expected to be defeated by the senate. economists are upbeat about the first half of 2013. they expect the gdp to show 2.1% growth in the current quarter, up from previous estimates of 1.7%, according to a survey from the philadelphia fed. second- quarter growth is pegged at 2.3%, up from 2%. growth for the entire year is expected to drop slightly to 1.9% from earlier forecasts of 2%. more than ever, as you are preparing your taxes, con artists are preparing to rip you off. jennifer waters is here with details. hi jen! how exactly does this work? what are they doing? > > good morning angie. i'll tell you, they are getting your name, and they're finding your social security number, and they're gettin
correction here. > thank you tim. > > sure. in our cover story, the obama adminsitration turns cyber sleuth, trying to catch thieves - which could include foreign interests - from stealing vital information over the internet. from public utilities to private companies, the president is taking steps to protect all of it from cyber thieves. "we cannot look back years from now and wonder why we did nothing in the face of real threats to our security and our economy." the push for cyber security coincides with a report from computer security firm mandiant saying it exposed china's military directing cyber espionage of u.s. companies. the report said the chinese stole technology blueprints, proprietary manufacturing processes, partnership agreements, contact lists and more. "businesses need to be both aware of cyber security problems and to be proactive in adopting best practices to protect themselves and our economy." "their designs are taken. they may find them sold to chinese companies who eat into the market share of that company. overall, the u.s. economy can be hurt." the response from th
but stable condition tonight. the names are not being released. >>> the obama administration is warning five of the bay area's municipal airports could see their operations cut if congress does not reach a deal by next week's deadline. >> we are at an airport in concord where 275 aircrafts take off and land here every day. it is all of the people that work here that guide them in and out safely. >> reporter: there may be turbulence ahead for the people who rely on buchanan field for their lively hood. >> it will be a big impact if they shutdown the towers. >> reporter: and the airports in livermore, san carlos may have their control towers shutdown if a deal is not reached by the end of next week. >> we are beginning discussions with our unions to likely close more than 100 air traffic control towers at airports with fewer than 150,000 flight opraeugs per year. >> reporter: they provide fuel, parking and other services to the planes here. the president of that company says without a control tower, air traffic would go down, corporate jets make up 80% of his business. >> it is really dange
was to blame over the oil spill. >>> with four days until the southwest sequester, president obama is urging congress to come up with a deal to provide deep cuts. >> the cuts do not have to happen. congress can turn them off at any time with just a little bit of com promise. >> the president addressed the issue at washington today at a meetings with someone some of the nations governors. if nothing is meet, classrooms, to meat inspection to defense spending would be affects. here in california billons of dollars and hundreds of thousands of jobs are at steak if the -- stake if the deadline is not met. california schools could be hit hard with 1,200 jobs lost. >>reporter: how barred is is the action on the issue of skwesz wrags. today in sacramento. 28 senators instancely agreed that's -- nonly agreed that is rare. >> the members of congress need to get it together. >>reporter: state treasurer bill lock year says it will be lead to slow growth in california. >> we expect there will be cuts that will ripple generally through the economy. >>reporter: federal cuts go to about $4 billion for the
in the sequester if the obama administartion and the congress could not strike a new deal. following the confirmation by the committee, lew could next need approval from the full senate. if confirmed, jack lew replaces tim geithner. italy's elections for prime minister contributed to market moves in the u.s. the stock market was shaken by yesterday's news from italy that italian democratic leader pier luigi bersani shot ahead in exit polls. bersani's party opposes austerity measures, which brought fear back into the minds of u.s. investors, many concerned that italy's current debt load poses a threat to the eurozone and global economy. bersani is the secretary of the democratic party of italy. italy's outgoing prime minister, mario monti, accounted for just around 10% of the vote. "bp was blinded by greed" and the castrophe was preventable. that's what attorneys figthing against the company had to say opening their remarks in the bp trial. bp attorneys contend multiple parties are responsible. the oil giant is on trial for thde explosion in the gulf of mexico back on april of 2010.
on tuesday. >>> the senate voted today to confirm president obama's choice of jacob lew. he is to be sworn in tomorrow, a day before automatic spending cuts are set to take effect. >>> the new defense secretary began his job today after a contentious nomination battle with republicans. chuck hagel took the office with his wife holding the bible. then it was off to the pentagon. he said that the looming budget cuts present a real challenge. >> they are going to define much of who we are. not this institution only, but our country. what kind of a world our children are going to inherit. >> hagel has another major challenge, winding down the war in afghanistan. in a statement, he said 34,000 troops will be coming home this year, and all combat troops are to withdraw by the end of next year. >>> protesters from a local group that works on drug and alcohol rehabilitation staged a rally right in front of the ktvu studios this morning. members of building for a solid foundation in oakland wanted to distance themselves from individuals we reported on, on monday. in a special report about donations
: people walked into the code of the west gun show in vallejo. >> the obama administration and their pushing for gun laws then the california state legislature has a massive amount of gun laws. >> reporter: last week california senate democrats unveiled a package of 10 gun control bills. one would require permits to buy ammunition. that idea is driving up prices. >> 500 rounds, right. >> reporter: how much did it cost you? >> $500. >> reporter: is that more expensive. >> a lot more expensive. >> reporter: he says last week he was able to buy the same ammo for 65-cents a bullet. >> they're really hard to come by. >> reporter: if they could find the ammo they were looking for, they would stock up and wheel it out. the cities of los angeles and sacramento already require people to get a permit in order to buy ammunition. but some of the people at this gun show were worried that could become a statewide law in the future. allie rasmussen. >>> those people who got vouchers for last month's gun buy back, can cash out their vouchers. an additional $7,000 in vouchers were issued.
airlines. >>> republican leadership today rallied against president obama's call to raise the minimum wage to $9 an hour. house speaker john boehner says an increase in minimum wage will translate to a decrease in jobs. the white house estimates boosting the minimum wage would help 15 million low-nfk workers. the last federal minimum wage increase was signed into law in 2007. it raise it had minimum wage from 5.15 to 7.25 in a three-sthech process that ended in 2009. >>> on wall street today stocks finished mixed. nasdaq gained ten. >>> today sis ko reported earnings that were slightly better than wall streetest mats. the san jose-based maker of compute and her networking gear said its adjusted earnings for $2.7 billion compared to 2.6 billion for the same quarter one year ago. >>> our exclusive ktvu field poll turned up some intregs findings on taxing sugary drinks. 53% of voters say they oppose a generic tax on sugary befrmgs but support jumped to 68% if voters are told the money would go towards school new trigs and fitness program. however voters in richmond defeated such a tax last no
was taken into custody in connection with a botched theft. >>> the obama administration is proposing a compromise on coverage for birth control. religious groups have objected to providing birth control. >>> more than $7,000 californians saw their health care go up. anthem blue cross raised it rates on individual policyholders saying it will lose money even with those hikes. consumer watchdog calls the rate hikes unreasonable. the advocacy group is also backing the november ballot initiative that would give the state the power to reject excessive rate increases. >>> an organic compound that has found banned products will include bpa. that means manufacturers will have to posta warning if the bpa exceeds the maximum limit. >>> quite a day today. the weekend looks like it's going to be very nice as well. today will be the warmest day all week with temperatures it got to the low 70s in some places. tracking some swell. they're headed right toward our coast. we'll see big surf especially as we get into sunday. as you get into this area, 20- foot waves big. if you look right along the coa
. >>> in san francisco, supporters of president obama's gun safety initiatives held a vigil. they took place this afternoon outside the san francisco federal building. the group is calling for mandatory. 26 sets of shoes were placed on the sidewalk to honor the victims in newtown at the protest. >>> street racing on bay area roads. at 10:30, how these drivers keep getting away with it and what happened when we took police to one of the hot spots. >> plus your money, the bay area city that wants more of it the plan to get there is no mass-produced human. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs. each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. sleep number. comfort... individualized. at the ultimate sleep number event, queen mattresses start at just $599. and save 50% on our innovative limited edition bed. >>> new at 10:00, the mayor of san jose tonight del
in sight. >>> president obama paid tribute to panetta. panetta says one of the biggest honors was leaving the white house after the president announced that osama bin laden was dead. >> i could hear the chants from people gathered around the white house and in lafayette park yelling usa, usa. >> panetta plans to stay on until his successor is confirmed then return to his farm. >>> kids with nerf guns playing a game of assassins. >> it's a way to unwind. >> reporter: why one bay area school says it's >>> in san jose a suspect who escaped police custody is back behind bars. 32-year-old anthony sanchez slipped his cuffs from the back to the front while in a police. sanchez made his way to the drive's seat and sped off while the officer was doing paper work outside. they found sanchez late last night sleeping in a stolen pickup truck in south san jose. he now faces several charges including auto theft on top of that original probation violation. >>> it is a game that has become popular among teenagers but the friendly competition can be mistaken for something for serious. >> reporter: this y
. >>> president obama is criticizing senate republicans who are blocking the nomination of chuck hagel. the president made the announcement on google. gop senators are blocking hagel's confirmation vote from moving forward. the filibuster vote is unprecedented. but senate republicans say they plan to go forward with an up or down vote after they come back from a 10 daybreak. since the democrats have the majority, hagel should be confirmed. >>> the board voted late last night to chose crest view elementary school. many feel it'll be a great disappointment for kids who lost their homes to a fire. the plan is to close crest moor elementary at the end of this school year. >>> we're with police as they crack down on cab drivers. the dangers riders face and may not even know it. >>> up [ female announcer ] safeway presents real big deals of the week. or how to keep from driving all over for the best deals. you don't need to run around. safeway gives you real big club card deals each week. right now, tide is $5.49 for 50 ounces. that's under 20 cents a load! skip the warehouse. charmin is $8.
. >>> the obama administration has filed a brief, urging overturning california's ban on gay marriage. ken wayne is live in the newsroom, and tells us, the president's opinion can carry weight with the court. >> the president himself once said, his views on gay marriage were evolving. it now appears his position is locked in. the president made his case clear during his inauguration speech. >> our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. >> reporter: there are some gay rights supporters who want the white house to not just talk about same-sex marriage, but file a brief with the supreme court, urging california's ban on same-sex marriage be overturned. >> both the legal merits support marriage equality, and also the majority of americans support marriage equality. >> reporter: the solicitor general who represents the federal government at the supreme court already plans to argue against the defense of marriage act, urging that same sex partners receive the same benefits as heterosexual couples. the president's vocal support is already
in petaluma, deborah villalon ktvu news. >>> the obama administration called for the -- the legal brief usuals -- urges the court to appeal the doma vote. the voter approved ban on same- sex marriage. >>> now the south bay where santa clara county sheriff's deputies say they seized 70 pounds of marijuana and hundreds of marijuana plants. the department's marijuana agency says it uncovered the operation yesterday. deputies arrested 32-year-old tran. they say the total street value for all of the marijuana is about $600,000. >>> a bay area man who spent seven years at san quentin is enjoying his first taste of freedom tonight after a judge determined that he had been wrongfully convicted. ktvu's jana katsuyama live in oak l and and tells us he could have served the full 25 year to life sentence if it weren't for the perseverance and advocates. >> reporter: this was an emotion day for ross and his family. ross walked away at last a free man and the sun was shining. >> today is a lovely day. a lovely day. it's past a good day, it's a blessed day for me to be out here again. >> reporter: ross spe
will automatically kick in. today, president obama spoke to the nation's governors, asking them to urge their representatives to sit down and compromise to head off the sequester cuts. but no talks are scheduled at this time. the president is scheduled to visit a virginia ship building company tomorrow. he plans to show how defense cuts will affect local economies. republicans pushed back today, accusing the president of using scare tactics to push through his agenda. >>> the looming spending cuts could deal a major blow to the economy in california. as ken pritchett reports, the impact could be felt from the military bases to kindergarten classes. >> reporter: today, in sacramento, 28 senators unanimously agreed that's rare. on a resolution that it should be avoided. >> we're veer concerned at the state -- very concerned at the state capitol. the members of congress needs to get it together. >> reporter: saying inaction will lead to slower growth for california. >> in terms of practical impacts, we expect there will be cuts that will ripple generally through the economy. >> reporter: f
finds 54 of those surveyed say the negotiations between president obama and congress make them feel less confident about the economy. 16% say they make them feel more confident. and 31% said they made no difference in their opinion. >>> ktvu's rita williams tells us, -- >> reporter: stewart gafney and williams got married in san francisco. >> we are legally married but our marriage grows will not be fulfilled. >> reporter: soon because republicans might tip the balance for same-sex marriage in two cases now before the supreme court. >> i really got goose bumps. >> reporter: they were original plaintiffs in a case that went before the california supreme court. then along came proposition eight banning that marriage. >> we were celebrating 27 years together next month just a week before the u.s. supreme court's historic hearing. >> reporter: the new york times reveal today that at least 75 high profile republicans including meg whitman are joining together. former utah governor john huntsman did an about face writing quote, the party of lincoln should stand with our best tradition of equal
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